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Europe: Shares rise, led by Carlsberg

European shares rose on Wednesday, boosted by a spate of well-received earnings reports, with beverage firm Carlsberg higher after its new management outlined restructuring plans.

PHOTO: REUTERS

[ LONDON] European shares rose on Wednesday, boosted by a spate of well-received earnings reports, with beverage firm Carlsberg higher after its new management outlined restructuring plans.

The FTSEurofirst 300 rose 0.3 per cent, building on a rise of 0.2 per cent in the previous session.

Denmark's Carlsberg rose 8.5 percent after it said it would book a $1.4 billion impairment charge and cut staff to return to growth. Analysts welcomed the steps, adding that the brewer's earnings contained no negative surprises.